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Mar 22, 2013
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so much so, america could become energy independent. the fact is, we need to move forward on multiple tracks, not just one track. why not employ all of the above strategy? keep pushing for cleaner, renewable energy but tap the resources we have in america? it's a smart way to go and if you want this economy to realize anything close to its full potential, it's the only way to go. that will do it for us tonight. thank you for joining me. have a great weekend. "fast money" begins right now. >>> live from the nasdaq market site in new york city's times square, i'm melissa lee. here's what "fast" is following on this friday night. deal or no deal. should investors care? why the cyprus crisis isn't a deal breaker for the rally. winners and losers. a look at the biggest pops and drops, plus how you can trade one of the week's biggest buzz kills. and coal whiners. are there finally some diamonds in the rough that you should be buying? but first, we want to turn to michelle carew sew cabrera for breaking news on the ground in cyprus. michelle?
so much so, america could become energy independent. the fact is, we need to move forward on multiple tracks, not just one track. why not employ all of the above strategy? keep pushing for cleaner, renewable energy but tap the resources we have in america? it's a smart way to go and if you want this economy to realize anything close to its full potential, it's the only way to go. that will do it for us tonight. thank you for joining me. have a great weekend. "fast money" begins right...
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Mar 21, 2013
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plus the concerns over energy, human rights and syria, as well. so the eu and russia are at logger heads on so many issues, not that you would have known it by listening to this today. anyway, let's get back to what michael sarris is doing. i thought he might be scurrying around the edge. we're trying to find out his whe whereabouts at the moment. we know he's going to have a one-on-one with mr. medvedev later on and speak to the president, as well. whether they can work something out, that remain toes be seen. but all talk about property deals, about banking deals and energy deals, at the moment, i would suggest that tensive and a little bit premature. kelly, back to you. >> steve, thanks very much for that. any deal with russia may be premature certainly isn't going to calm things in cyprus. this morning, the european central bank in a statement has said in order to continue its emergency liquidity systems past monday the 25th, cyprus has to have a bailout in place. any prospect of that? >> well, that adds a sense of urgency to the situation. ti
plus the concerns over energy, human rights and syria, as well. so the eu and russia are at logger heads on so many issues, not that you would have known it by listening to this today. anyway, let's get back to what michael sarris is doing. i thought he might be scurrying around the edge. we're trying to find out his whe whereabouts at the moment. we know he's going to have a one-on-one with mr. medvedev later on and speak to the president, as well. whether they can work something out, that...
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Mar 22, 2013
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i'd still also point out the other areas, energy and pharmaceuticals. narm suitcles, that's a section that's going to continue to go to the upside because those looking for a little more of the safety side, they're going to get that dividend yield but look at energy. we talked earlier in the week, where have we seen so much activity, integrated names and the refiners. there's still plenty of room in the upside in the refiners. look how well delta was yesterday with richard anderson talking about that buy of the refiners. he absolutely stole that for 160 million bucks. >> doc? >> well, to that point about the airlines, six-year high for the airline index, and it's going to go higher, folks. is it due for a pit bit of a pu back? perhaps so. yesterday we were talking about whether the read through in fed ex and oracle and cintas was the consumers or businesses were out? i said, no, they're just trading down. nike brought that home in spades. so you take a look at what nike did. it was western europe, eastern europe, north american sales up 18%. that doesn'
i'd still also point out the other areas, energy and pharmaceuticals. narm suitcles, that's a section that's going to continue to go to the upside because those looking for a little more of the safety side, they're going to get that dividend yield but look at energy. we talked earlier in the week, where have we seen so much activity, integrated names and the refiners. there's still plenty of room in the upside in the refiners. look how well delta was yesterday with richard anderson talking...
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Mar 18, 2013
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anything exposed to the energy states, too. the big banks don't have a large concentration to those areas. they're well exposed, but they don't have a large concentration. >> would you put new money to work in this market right here? >> yeah. absolutely. bank of america is -- >> i mean the broader market given the fact that last week we were hitting record after record after record. >> without a doubt. i have not been this constructive, this bullish on the u.s. and equities in my career. >> meredith, good to have you on the program. thank you so much. meredith whitney joining us on banks and the market. >>> closed banks, protesters in the streets. the revolt in cyprus over ordinary depositors paying for the bailout is rocking the world and has people wondering if another eurozone country could be next. or, worse, could it happen here? exclusive reaction from john thain, head of cit group and former ceo of merrill lynch. also cit's turnaround from bankruptcy and whether it is up for sale. stick around for john thain. back in a m
anything exposed to the energy states, too. the big banks don't have a large concentration to those areas. they're well exposed, but they don't have a large concentration. >> would you put new money to work in this market right here? >> yeah. absolutely. bank of america is -- >> i mean the broader market given the fact that last week we were hitting record after record after record. >> without a doubt. i have not been this constructive, this bullish on the u.s. and...
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Mar 22, 2013
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. ♪ chevron has been developing energy here for decades. we need to protect their environment. we have a strict quarantine system to protect the integrity of the environment. forty years on, it's still a class-a nature reserve. it's our job to look after them. ...it's my job to look after it. ♪ >>> welcome back to "the kudlow report". in this half hour, the department of homeland security is on a buying binge. 1.6 billion rounds this past year and it could be putting police departments at great risk. just what the obama administration needs with all that ammo. what are they up to? then we have the liberal left coast striking again. stanford university strikes a popular pro capitalism course from its curriculum. yet it keeps one that is anti-free market. what is up with that? this is what passes for free speech out there. david horowitz will weigh in. small business may be bracing obama care making some companies less profitable once the law takes full impact. in fact "new york times" did a case study today on baked in the sun, a california bakery. the company could lose a sta
. ♪ chevron has been developing energy here for decades. we need to protect their environment. we have a strict quarantine system to protect the integrity of the environment. forty years on, it's still a class-a nature reserve. it's our job to look after them. ...it's my job to look after it. ♪ >>> welcome back to "the kudlow report". in this half hour, the department of homeland security is on a buying binge. 1.6 billion rounds this past year and it could be putting...
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Mar 22, 2013
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which part of the energy do you like right sno. >> we're neutral on energy. but the areas are the oil field services. we're getting toward the later stages of the economic cycle, and that's usually when you see a tightening of the oil markets and need to ramp up activity. if you look at budgets of the super major oil companies, that is what you are seeing. we're seeing a pickup in capital spending. if you look internationally, that's really the best opportunity. >> all right. 're going to leave it there. patrick and david, thank you for joining us. have a great weekend. >> thank you. >>> let's turn to europe, that is the big question mark over the weekend. the cypriot finance minister flying home after two days of waste talks. leaders are scrambling to attempt to strike a deal with the european union by next week. michelle is live from the capital of cyprus. from outside the country, we read that they're furious they haven't been speaking for so many days. similarly many of the suggestions coming from the greek government, nationalizing the pension system of
which part of the energy do you like right sno. >> we're neutral on energy. but the areas are the oil field services. we're getting toward the later stages of the economic cycle, and that's usually when you see a tightening of the oil markets and need to ramp up activity. if you look at budgets of the super major oil companies, that is what you are seeing. we're seeing a pickup in capital spending. if you look internationally, that's really the best opportunity. >> all right. 're...
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Mar 20, 2013
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let's check out the latest moves in energy. >> there say lot of momentum here in the energy market and we're looking at brent crude prices that have risen from a three-month low and it looks like the gains that we're seeing in the oil market are mirroring what they're seeing in terms of the rebound in the euro and what we're seeing in the equity markets as well. the cyprus fears seemed to ease quite a bit. we'll continue to watch what will happen in the u.s. supply front when we do get the eia report on inventories out at 10:30 eastern time and we're also watching what's happening in the gold market because that will be susceptible to whatever move the fed will make and many traders anticipating to keep doing what they're doing and gold holding steady here and still above the 1600 level. the key, of course, will be breaking above the 1610 for the settlement and they keep saying that is what is needed to give the bulls the momentum to take gold prices much higher. back to you! sharon epperson for us. a technology company is making its wall street debut today. we're waiting for model n t
let's check out the latest moves in energy. >> there say lot of momentum here in the energy market and we're looking at brent crude prices that have risen from a three-month low and it looks like the gains that we're seeing in the oil market are mirroring what they're seeing in terms of the rebound in the euro and what we're seeing in the equity markets as well. the cyprus fears seemed to ease quite a bit. we'll continue to watch what will happen in the u.s. supply front when we do get...
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Mar 26, 2013
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the energy states are doing the best because they had a solid foundation in the overall economy for several years now. those states that took the biggest dive, like california and florida and nevada, are still struggling to come back. >> what sort of -- what are you predicting in terms of total housing starts this year and how will it compare to 2012? >> well, we should get about the same gain this year as we had last year. we had about a 25% increase in total production in '12 and i'm expecting roughly the same percentage increase in '13. that should bring us by the end of the year that should bring us over a million units per year. >> okay. and compare that to -- i -- wa a normal mark up should be. and i don't know what a normal market should be because, obviously, we had a boom before the bust. so how does that compare to what you think the normal should be? >> we're still about two-thirds of the way back to normal. a normal market should be about 1.7 million houses a year. that's the underlying demographic demand. we went as high as 2.2 million at the boom. but that was more than we nee
the energy states are doing the best because they had a solid foundation in the overall economy for several years now. those states that took the biggest dive, like california and florida and nevada, are still struggling to come back. >> what sort of -- what are you predicting in terms of total housing starts this year and how will it compare to 2012? >> well, we should get about the same gain this year as we had last year. we had about a 25% increase in total production in '12 and...
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Mar 18, 2013
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and alternative energy development? why not pay -- if obama gets started on this -- >> joe and i have agreed that we're going to compensate -- what do you want to see, 20%? >> we'll start at 20. we'll start at 20. >> as we spend it all, we're going to need more. we're going to need the preschool, we're going to need solar energy. >> i thought i was completely wrong this what it was. >> it's an island, isn't it? >> it's an island. >> but it shows you how interconnected it is. >> i know. and fait accompli, he said i got there and is they were doing it. >> what if you found out that your bank got taken over by the fdic and the insurance that you thought protected your money was not there, that it was wrong? that's the problem. >> and by the way, 10% of your money is gone, too. >> explain to the eurozone just waking up exactly what -- >> carolin is going to do that supposedly when we throw to her. >> they have to do something. >> they follow twitter. >> did you wear your jacket last week? >> no. >> will you write down all o
and alternative energy development? why not pay -- if obama gets started on this -- >> joe and i have agreed that we're going to compensate -- what do you want to see, 20%? >> we'll start at 20. we'll start at 20. >> as we spend it all, we're going to need more. we're going to need the preschool, we're going to need solar energy. >> i thought i was completely wrong this what it was. >> it's an island, isn't it? >> it's an island. >> but it shows you how...
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Mar 26, 2013
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energy prices have been pretty well behaved. i think that will continue. wages, also. and i do think that we will see money coming into this economy. that will help to keep these trends going. and i think that will be a real gift. and i think cyprus was probably a gift to the u.s. treasury market, to help keep rates very low and attract save investors. >> and we welcome now tim leetch. cyprus to you is so yesterday. you're watching slovenia, right? >> that's right, bill. >> slovenia? >> slovenia. we're trying to look over the horizon, as opposed to yesterday. and when we see the banking pressure on countries like cyprus, we think about what's next. and what does this really mean for the stability of the banking structure in europe as a whole. and we're concerned, frankly. we haven't seen the structural repairment that the europeans have had to step up to do. and certainly, cyprus hasn't convinced anyone that the european leadership has their act together. >> so, yesterday, the sell-off was the fear, and this was inflamed by the dutch finance minister, that maybe the cy
energy prices have been pretty well behaved. i think that will continue. wages, also. and i do think that we will see money coming into this economy. that will help to keep these trends going. and i think that will be a real gift. and i think cyprus was probably a gift to the u.s. treasury market, to help keep rates very low and attract save investors. >> and we welcome now tim leetch. cyprus to you is so yesterday. you're watching slovenia, right? >> that's right, bill. >>...
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Mar 19, 2013
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we're also keeping an eye on the energy benchmarks as well. keep your eye on gasoline and heating oil. they are drifting oil and they are the leaders that are the downturn in the energy market. that is really the leader here. zbr thank you very much, sharon epperson. liberty media is acquiring them for a cool $2.5 million. they are buying from three of the private equity holders. we are joined by greg of liberty media's president and ceo. a cnbc exclusive. greg, it's a pleasure to have you with us. >> thank you for having me. >> why now? how does this fit into your portfolio? >> well, i think you noted it's rare when you have an opportunity to have the influence that liberty will like to have secondly, we've always been believers in the cable industry as a group. our sister company is the largest cable company outside the united states. and lastly, we see the opportunity with sustainable cash flows. a subscription business, finance at attractive rates as being an opportunity for liberty shareholders now. >> that's exactly the kind of company y
we're also keeping an eye on the energy benchmarks as well. keep your eye on gasoline and heating oil. they are drifting oil and they are the leaders that are the downturn in the energy market. that is really the leader here. zbr thank you very much, sharon epperson. liberty media is acquiring them for a cool $2.5 million. they are buying from three of the private equity holders. we are joined by greg of liberty media's president and ceo. a cnbc exclusive. greg, it's a pleasure to have you with...
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Mar 21, 2013
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in europe, watch for deals in financial services and energy. and in china, watch for deals in manufacturing. here's two other things to think about. everybody here thinks that the mega lbo, the big leverage buyout, they say it's back. and more importantly, given all the cash that's on balance sheets, 70% of transactions they are arguing are going to happen in cash. which is a big distinction from where we have been before. we will see where it all pans out. we have mark schaeffer from citigroup this hour. and skadden's eileen nugent. and wendell pierce. he owns a grocery store down in new orleans. but you know him from "the wire." i'm going to continue finishing my hand grenade. and i'll see you guys -- >> hair of the dog. >> and i'll be reviewing the morals contract. >> i looked up some of the -- i'm worried. it covers just about everything, andrew. if you did anything last night, just keep it quiet. >> andrew? >> yeah. throwing away the key there. >> he has no dollar bills. gone. completely. that's after getting a couple hundreds changed. >>
in europe, watch for deals in financial services and energy. and in china, watch for deals in manufacturing. here's two other things to think about. everybody here thinks that the mega lbo, the big leverage buyout, they say it's back. and more importantly, given all the cash that's on balance sheets, 70% of transactions they are arguing are going to happen in cash. which is a big distinction from where we have been before. we will see where it all pans out. we have mark schaeffer from citigroup...
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Mar 18, 2013
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let's go to check on energy and commodities. sharon epperson at the nymex. >> definitely. that's what where the safe haven bid is. gold prices up 1700 an ounce. we got as high as 1610 an ounce. they say that is the number gold needs to close above to sustain any upward momentum here. we're still looking at $11 gain or so in the gold price. we're also keeping an eye on what's happening in other metals because copper, it's a far different story. copper continues to be one of the worst performing commodities of the day, considering what has happened to the dollar. that's a major factor there. we're already seeing concerns there in terms of short positions in the marketplace as well. according to the latest cfpc report. also watching natural gas because it's been a strong out-performer for the better part of the week. it continues to be a gainer but off of the highs of the session. there are some saying that now is the time to take profits in natural gas after this tremendous upturn we have seen in that commodity just in the last week. it's up about 30 cents or so just in one
let's go to check on energy and commodities. sharon epperson at the nymex. >> definitely. that's what where the safe haven bid is. gold prices up 1700 an ounce. we got as high as 1610 an ounce. they say that is the number gold needs to close above to sustain any upward momentum here. we're still looking at $11 gain or so in the gold price. we're also keeping an eye on what's happening in other metals because copper, it's a far different story. copper continues to be one of the worst...
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Mar 25, 2013
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. >> we're watching the energy complex and it is higher after the deal between cyprus and the e kwushgs regarding its bailout and that is driving momentum in the crude trade. it's about the highest level that we've seen it in a month. meantime, the metals complex are mixed this morning and we're seeing the weaker euro pushing gold under $1600 an ounce. seeing that rotation out of safety back into the riskier assets and that's not surprising traders down here, but also might see some extra volatility in gold today as it is options expiration. melissa, back over to you. >> thank you, jackie deangelis. a crisis in the country averted, and the s&p 500 sitting tantalizingly close to new highs. jason tanerd will join us after the break. as we take a look at the s&p 500 over the past year and what a run we've had. stay tuned. name and not a numb? scottrade. ron: i'm never alone with scottrade. i can always call or stop by my local office. they're nearby and ready to help. so when i have questions, i can talk to someone who knows exactly how i trade. because i don't trade like everybody. i trad
. >> we're watching the energy complex and it is higher after the deal between cyprus and the e kwushgs regarding its bailout and that is driving momentum in the crude trade. it's about the highest level that we've seen it in a month. meantime, the metals complex are mixed this morning and we're seeing the weaker euro pushing gold under $1600 an ounce. seeing that rotation out of safety back into the riskier assets and that's not surprising traders down here, but also might see some extra...
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Mar 25, 2013
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and checking oil praoeusdz at clearview energy. our guest host. hey, guys. even, shroets tart with you on oil. does that matter to you? i know there's an outstanding issue about russia cyprus and what was going to happen there. >> it will go to where it was before it hit. we're not growing command as fast her than before. they keep producing and becoming more taeurbgt at the same time. it's risk on aftermath. not part of the raging bull you have seen before. >> do we care about the weather, the snow? >> sure. it's a great trade on a snowy day in new york. you with don't see that you would have had in a couple of years. >> what do you think about some of the economic data has been almost uniformly better than expecting. >> fedex's earnings. >> i think they were blaming traffic and asia-pacific for that shortfall. i wouldn't read too much into that. i would be looking at the five-year low and unemployment claims we have. two weeks ago the five-year hold and the fact that the dow skwroepbls then it moves five. and housing is very strong. and the banking system
and checking oil praoeusdz at clearview energy. our guest host. hey, guys. even, shroets tart with you on oil. does that matter to you? i know there's an outstanding issue about russia cyprus and what was going to happen there. >> it will go to where it was before it hit. we're not growing command as fast her than before. they keep producing and becoming more taeurbgt at the same time. it's risk on aftermath. not part of the raging bull you have seen before. >> do we care about the...